support for the self-employed

The government has announced a new Self-Employed Income Support Scheme to support those who work for themselves. Data from 2018/19 indicated as many as 66,000 people in Dorset could be directly impacted by these measures. 

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These measures mean that the government will pay self-employed people, who have been adversely affected by Coronavirus (COVID-19), a taxable grant worth 80% of their average income over the last three years, up to £2,500 per month, for at least three months.

Self-employed people who are eligible can apply directly to HMRC for the grant using a simple online form. HMRC will then pay the grant straight into your bank account.

This scheme will be open to those with an annual income of £50,000 or less, who make the majority of their income from self-employment. It's expected that the scheme will be up and running by the beginning of June - payments will be backdated to Sunday 1 March.

Find all details on the Self-employment Business Support Scheme on the government website.

For self-employed people who are struggling now there is now access to the Coronavirus Business Interruption Loan Scheme (CBILS) for the self-employed.

The government has also changed the welfare system so that self-employed people can now access Universal Credit in full. As an example, this means that a self-employed person with a non-working partner and two children, living in the social rented sector, can receive welfare support of around £1,800 per month.

We will add more information as it becomes available, and please contact us for advice and guidance on the range of support on offer.

Last updated: 27 March 2020